Signals with Moving Averages

Cut through.

Dow open may send it further down.

Need to wait for next H4 at 17h00 for probably a further down.

Several opportunities today with double black coming from below

Please note: Daily in blue bend situation.

Are you overlaying fundamentals aswell or purely technicals? Have you tried automating it with an EA?

Morning. Fundamentals according to my understanding can't be expressed on charts as a definite signal. I took note of what's going around in general and keep it in mind going forward. I don't use it as an integral part of trading. I'm solely technical.

Don't want to get involved with EA. According to me most of it is crap.

I'm busy researching the most reliable candle setups with a success rate of 90%+. At this stage I can say there's not more than 4 of them. Will post later today some of them. Easy to identify and point of entry very clear as well.

Would like to receive your comment on that.

See my post above. Was in reply to your post.

Okay, let's kick off with the first signal of importance. Note; I'm not listing them from best to less best, I will do that at a later stage.

Number one - I call it the "sergeant" signal (the term stemming from the insignia on a army uniform). The simplest setup you can get.

Example(s): Yesterday and today's H1 chart



Factors that create the signal:
1) downturn from the preceding candle into sergeant candle,
2) sharp* upturn within sergeant candle (* very important) - a sloppy move is out!!
3) exit at top of sergeant candle's body
4) size of sergeant candle a determining factor; a long S candle will reduce the amount of pips you're going to get in the end (look at the entry line and you will see why this matters)

Example that doesn't qualify:

A reverse sergeant is one coming from above (M30)

Keep in mind, the sergeant signal doesn't come along very often, but usually result in plenty of pips.

M15 reverse sergeant

Other setups(signals) will be posted when time permits.

I'm going for a nap, see you later. Very hot in Cape Town:

Number two: The 3-point black signal (within or close to bodies of candles)

Example: M30 - while ago


Factors to consider:
1) 3 candles involved with one coming from a low outside of bodies going up. Down; just the opposite with one candle coming from a high outside of bodies.
2) all colors should exit the last candle, before the break, tightly knitted into a well-curved motion at the top of candle body.
3) DO NOT ENTER the trade from where it closed, trade when market surpass the wick of candle preceding trading candle to allow for possible pullback*

*

It seems not many interested in this lecture, so let's stop it right here.

Eur/Usd